What are they pledging: 2019 Federal Election

With the 2019 Federal Election just days away, what does it all mean for all of us? I certainly have been asked this on a few occasions recently.

So to assist you in the lead up to the election I have attached a bullet point summary of some of the proposed measures both the current government and the opposition have declared in recent weeks.

This is by no means a ‘how to vote’ card, and please take into consideration that we are only showing you a snapshot of what both parties have presented in regard to their tax related policies over the past few weeks!

As you will no doubt see over the weekend, it is now time for “Australia to decide!”

Labor party tax and superannuation changes:

Limit cost of tax affairs to $3,000 – individuals

Negative gearing to be limited to new houses from January 1st, 2020. All investments prior to this date to be exempt